CICC: MAN WAH HLDGS (01999.HK) Purchases US Furniture Company to Strengthen Long-Term North American Supply Chain Advantage
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
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Source: aastocks
Acquisition Announcement: Man Wah Holdings announced the acquisition of Gainline Recline Intermediate Corp. for US$32 million, along with assuming US$27.9939 million in bank debt.
Market Expansion: The acquisition is expected to enhance synergy and increase Man Wah's market share in North America through a distribution network of over 1,000 furniture retailers and established brands.
Cost Optimization: The company benefits from advantages in raw material procurement and automation, which will facilitate supply chain synergy with the acquired group.
Profit Forecasts: CICC maintained its profit forecasts for FY2026/2027 at $2.124 billion and $2.248 billion, respectively, and kept the rating at Outperform with a target price of $6.5.
Analyst Views on 01999
Wall Street analysts forecast 01999 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01999 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 4.640
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Current: 4.640
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
